Volkswagen and Rivian Eye Joint Venture Amid Antitrust Approval

Image source: photo by Erik Mclean on Unsplash

Volkswagen and Rivian Eye Joint Venture Amid Antitrust Approval. 🚗 Volkswagen and Rivian may form a joint venture, according to Germany's competition authority. Antitrust head Andreas Mundt confirmed no serious competition issues are anticipated. Reuters reports.

🌐 SearchAI: OpenAI announces SearchGPT in challenge to Google. MarketWatch reports.

📉 SubLoss: Charter Communications posts fewer broadband subscriber loss, profit beat. Yahoo Finance reports.

📱 iDrop : Apple’s no longer among top five smartphone vendors in China as domestic brands dominate market. CNBC reports.

😊 SmileBoost: Colgate-Palmolive raises 2024 forecasts on strong demand. Reuters reports.🚗 MarginMelt: Mercedes lowers margin guidance for cars as quarterly profit falls 16%. MarketWatch reports.🎶 InvestGroove: Private equity giant Apollo invests $700 million in Sony Music. Reuters reports.

*Bob Iaccino is a chief market strategist and co-founder of Path Trading Partners. He joins us live every Thursday from 11am ET, as our risk management educator.

Why Use Exponentials When Looking for Entries?

I always include the 50-day exponential moving average on my chart when searching for entry points. I also consider a few other exponential moving averages.

Why? Because they perform better in tests. A 50-day exponential moving average consistently outperforms a 50-day simple moving average when you analyze the data.

The closing price of the top three market percent gainers trading near or above $3 on July 26.

*All pricing and percent gains are based on regular market trading hours from 9:30am to 4:00pm Eastern Time

1. $WINT: Windtree Therapeutics
Total gain: +163.22%
The company announced an update of istaroxime in both clinical and business development. Istaroxime is a novel first-in-class therapy that is designed to improve systolic contraction and diastolic relaxation of the heart while also increasing blood pressure and maintaining or improving renal function. Benzinga reports.

2. $CREV: Carbon Revolution
Total gain: +46.03%
The company announced that it will supply the carbon fiber wheels available on the just-revealed Chevrolet Corvette ZR1. Benzinga reports.

3. $COUR: Coursera
Total gain: +44.67%
The company announced financial results for its second quarter, which ended on June 30, 2024. The total revenue was $170.3 million, up 11% from $153.7 million a year ago. Gross profit was $90.2 million or 53% of revenue, compared to $79.7 million or 52% of revenue a year ago. Benzinga reports.

*Estimate and Actual numbers represent Earnings Per Share in US Dollars

AMSF: Amerisafe
2Q 2024
After Market Close
Estimate: 0.620
Actual: N/A

CR: Crane Holdings
2Q 2024
After Market Close
Estimate: 1.230
Actual: N/A

FLS: Flowserve
2Q 2024
After Market Close
Estimate: 0.630
Actual: N/A

Time (ET) / Report / Period

None scheduled

"True investment success comes from knowing when to be patient and when to act decisively."

― Charlie Munger

Sourced in:
“Poor Charlie's Almanack: The Wit and Wisdom of Charles T. Munger”, by Peter
D. Kaufman, published in 2005.